Rapido bags $240M from Prosus at $3B valuation, fueling ride-hailing showdown
Bengaluru-based Rapido raised $240M in primary capital led by Prosus, valuing the bike-taxi unicorn at $3B as part of a larger $730M round. Capital will fund deeper penetration in 400+ cities, new market entries, and tech investment, sharpening its battle with Uber, Ola, and Namma Yatri.
Rapido raised $240M primary led by Prosus at a $3B valuation, part of a $730M round. Funds will deepen presence in existing markets, expand into new ones, and invest in tech, intensifying competition with Uber, Ola, and Namma Yatri.
Why this matters
Rapido's $3B valuation marks a sharp step-up as it pushes beyond metros into tier-II cities, intensifying its ride-hailing battle with Uber, Ola, and Namma Yatri.
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